AS Valmieras stikla skiedra (MUN:W2R) under amendments to the legal protection plan undertakes to sell its US subsidiary by the end of 2020, the company said in a statement to the Nasdaq Riga stock exchange. In line with the previous plan, the US subsidiary had to be sold by March 31, 2020. The company undertakes to continue to facilitate the sale of the assets of US subsidiary and to ensure that latest until December 31, 2020 not less than USD 17,500,000 or with written secured creditors' approval smaller amount of the sale of the assets of US Subsidiary will be used for the payment of the secured creditors' claims.